100%. The candles in the middle require a completely different strategy, imo, for example, a trend following pullback strategy on a smaller time bar like the M5.

Highest Open / Lowest Open Trade

I'd think rocky would have bought when the candle I highlighted in green closed, because the PSAR did not flip, nor did the Willimas%R close above 50 until that candle first reached its high (flipping PSAR) and then closed (confirming the Williams%R ...

Williams%R, SAR X-over 15 minute candles

CL (Oil) long. Stop loss was 73.49 and entry at lowest H1 open 73.71. The low of day is 73.54, and I like to start a stop loss below the xx.00 and xx.50 levels when the low or high of day is close to one of those levels. Target is the highest H1 ...

Highest Open / Lowest Open Trade

I think he is asking what I answered in this post here: Williams%R, SAR X-over 15 minute candles | Page 228 | Forex Factory

Williams%R, SAR X-over 15 minute candles

hey Ed, For oil every trade starts with the trading platform entering an automatic 25 tick stop loss and 39 tick take profit as those are my average loss and profit. However, I adjust for each trade. Largest stop loss? Probably around 35 ticks? I ...

Highest Open / Lowest Open Trade

NQ had a nice trade at the open but I had platform issues and the trade didn't go off (my fault not the platform). The one problem with NQ is it sometimes moves SO fast that even with the bar status indicator there is no time for me to react without ...

Williams%R, SAR X-over 15 minute candles

One and done on CL today for me. +56 tick profit entering at the LO and exiting at the HO. Whenever I get 50 ticks or more in closed profit on CL, I leave it alone until the next day. For this method, I do not use any candles other than the M60. For ...

Highest Open / Lowest Open Trade

Long CL (oil) trade image

Highest Open / Lowest Open Trade

70.59 is next previous daily low. Current low of the day is 70.65. Still targeting last week's low. My data was displaying incorrectly in the previous post. It looks like last week's low was $70.25 and my take profit is $70.26. A HOLO long trade ...

Highest Open / Lowest Open Trade

Today I am currently short Oil even though it is a HOLO long candidate right here. The reason I am staying short for now is that today price has broken below yesterday's low, Monday's low, and is in fact trading at a 5 day low. THAT is a breakout. ...

Highest Open / Lowest Open Trade

I think there is a decent chance CL goes at least as low as $71.23: image

WTI Crude Oil Trading

M60 candles CL, which is the futures contract for US Oil. In my opinion: 1) this method is best when you use it on one instrument until mastered, 2) once mastered, that one instrument will likely nbe all you ever need to trade, and 3) sticking to ...

Highest Open / Lowest Open Trade

I'm a JETS and Eagles fan. Since neither remain in the playoffs, I'm pulling for the Lions so the good people of Detroit can finally get a Super Bowl. But the Packers have one of the top two young QB's in the NFL, the other being Stroud of the ...

Williams%R, SAR X-over 15 minute candles

No way to know what you are trading if you aren't going to include the instrument name on the chart, but I can tell from the difference in the price scale between the two trades you posted that you are not sticking to one instrument, but bouncing ...

Highest Open / Lowest Open Trade

Are you asking a question? I have a couple of questions noted on your chart. Also, why post an M15 and not an M60? image

Highest Open / Lowest Open Trade

You're preaching to the choir as I 100% agree. But here you are incorrect, and it is not merely a matter of opinion, but of fact: How else does one compose rules for trading an uncertain outcome except by observation which leads to hypotheses ...

Highest Open / Lowest Open Trade

This is M60 crude oil. You can do this for any instrument/market you trade. Mark the previous day's highs and lows, mark the previous week's highs and lows, and see what you come up with on your own as far as a set of rules to govern how you choose ...

Highest Open / Lowest Open Trade

1) A 5 pip take profit is a scalping strategy. ALL positive expectancy scalping strats will have a small profit objective relative to the risk. This skewed risk:reward is counterbalanced by the extremely high win rate, i.e. probability. Edge is ...

Highest Open / Lowest Open Trade

I'm not rocky but his answer will probably be something close to mine: I change the brick size based on how the market is moving day to day: I want the smallest brick size that will give several opportunities without creating a chaart that moves so ...

Williams%R, SAR X-over 15 minute candles

Is this the sharp reversal that took out your long, turnip? image Thanks for all you share here. I use the rocky method but I have added important elements of Laura's roadmap to it.

Roadmap - A Way To Read Markets